43,100 Shares in BlackRock $BLK Purchased by Flossbach Von Storch SE

Flossbach Von Storch SE acquired a new stake in shares of BlackRock (NYSE:BLK) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 43,100 shares of the asset manager’s stock, valued at approximately $41,443,000.

A number of other hedge funds also recently bought and sold shares of BLK. Evolution Wealth Management Inc. acquired a new stake in shares of BlackRock in the fourth quarter valued at approximately $26,000. RMG Wealth Management LLC acquired a new position in BlackRock during the first quarter worth $25,000. Birchbrook Inc. acquired a new stake in shares of BlackRock in the 4th quarter worth $31,000. Basepoint Wealth LLC purchased a new position in shares of BlackRock during the 4th quarter worth $32,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of BlackRock during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Evercore reissued an “outperform” rating and issued a $1,260.00 price objective on shares of BlackRock in a report on Monday, August 10th. Zacks Research upgraded shares of BlackRock from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Keefe, Bruyette & Woods cut shares of BlackRock from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 7th. UBS Group raised their price target on shares of BlackRock from $1,270.00 to $1,320.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Finally, Bank of America lifted their price target on shares of BlackRock from $1,298.00 to $1,320.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, BlackRock currently has a consensus rating of “Buy” and an average price target of $1,311.06.

BlackRock Stock Up 0.4%

BlackRock stock opened at $1,159.16 on Thursday. The company has a market capitalization of $179.52 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 1.30 and a beta of 1.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.59 and a current ratio of 3.59. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. The firm has a 50 day moving average price of $1,062.77 and a 200 day moving average price of $1,043.28.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Wednesday, July 15th. The asset manager reported $13.91 EPS for the quarter, topping analysts’ consensus estimates of $12.69 by $1.22. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The company had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $6.73 billion. During the same period in the prior year, the firm earned $12.05 earnings per share. The firm’s revenue was up 30.6% compared to the same quarter last year. Research analysts expect that BlackRock will post 55.63 earnings per share for the current year.

BlackRock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a dividend of $5.73 per share. This represents a $22.92 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, September 8th. BlackRock’s dividend payout ratio (DPR) is 54.78%.

BlackRock News Roundup

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: U.S. spot Bitcoin ETFs attracted $189.3 million in net inflows Tuesday, bringing August inflows near $951 million. BlackRock’s iShares Bitcoin Trust led with $143.6 million, signaling continued investor demand for one of BlackRock’s fastest-growing product areas. Bitcoin ETFs add $189M as August net inflows approach $1B
• Positive Sentiment: BlackRock reiterated that Bitcoin remains a viable diversification asset after its sharp selloff and said a 1%–2% allocation could improve risk-adjusted returns in a traditional portfolio. The supportive stance may help sustain interest in BlackRock’s crypto offerings. Bitcoin has largely purged froth, BlackRock says
• Positive Sentiment: BlackRock disclosed a roughly $3.45 billion stake in Biogen, whose shares reached a 52-week high after an earnings beat and upgraded outlook. The investment highlights the scale of BlackRock’s asset-management platform, though gains primarily accrue to fund investors rather than directly to BLK earnings. Biogen stock surges after BlackRock investment
• Neutral Sentiment: BlackRock Canada announced monthly cash distributions for numerous iShares ETFs, with payments scheduled for August 31 to investors of record on August 26. The announcement supports product visibility and investor engagement but does not materially change BlackRock’s earnings outlook. BlackRock Canada announces August cash distributions
• Neutral Sentiment: BlackRock’s HPS private-credit unit was reported among creditors taking over MBS Group alongside Oaktree Capital. The development may demonstrate private-credit activity, while also highlighting potential credit and workout risks. BlackRock’s HPS among creditors taking over MBS Group
• Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims involving BlackRock mutual funds, alleging that the company may have provided materially misleading business information. The announcement is not a finding of wrongdoing, but could create legal costs, reputational risk and investor uncertainty. Rosen Law Firm investigates BlackRock mutual funds

About BlackRock

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.